Business Standard

The VW recovery and beyond

Covid scars may outweigh growth gains from reforms in the medium term


Shankar Acharya
Ever since the National Statistical Office (NSO) estimates of 2021-22 Q1 came out at end August, there has been a lively debate on whether it reflects a V-shaped recovery or not. Well, a glance at the figure should answer the question. It plots the level of real (inflation-adjusted) quarterly GDP as per the NSO since the first quarter of 2019-20 and includes my guestimate for 2021-22 Q2. It clearly supports three statements. First, the recovery from the deep plunge of April-June 2020 (the brutal downswing of the “V”) was followed by a smart recovery in the next three quarters to
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Sep 22 2021 | 10:58 PM IST

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